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From artificial intelligence (AI) and machine learning to autonomous vehicles, virtual reality, and cryptocurrency, the rapid evolution of technology shows no sign of slowing down. Companies in the digital technology sector are among the world’s most highly valued companies, with good reason. And businesses in every sector now use digital technology in all kinds of ways, from basic email to sophisticated data analytics.

Featured Industries

Fresh water is becoming a scarce resource in the United States and across the globe as demand continues to rise due to population and business growth. This emergent scarcity means businesses will face more consequences of the complex regulatory and legal frameworks governing water use and water quality.

Michael Best’s Water team understands those issues. We guide clients through the heavily regulated, politically sensitive environment surrounding the management of, investment in, and development of water resources.

Featured Practice

Environmental & Natural Resources law is not only complex and constantly evolving, but also highly technical. Michael Best’s team of environmental lawyers understands not only the law and the science of environmental regulations, but also our clients’ business needs and how to help achieve them.

Tax Incremental Financing & Tax Credits

Overview

Tax incremental financing (TIF) and federal and state tax credits can help a community stimulate economic growth and make development projects more viable, but the complexity of these programs can be daunting. Michael Best helps clients make sense of the rules and craft the right financing structure for each project.

We advise developers, municipalities, lenders, and other clients on TIF and tax credit financing for many different types of projects. Whether it’s exploring financing options for the revitalization of a blighted area, preserving historic buildings, enhancing energy efficiency, introducing affordable housing to a project or neighborhood, or cleaning up environmental contaminants, we can help clients achieve their goals.

Our comprehensive capabilities include:

Forming TIF districts

Negotiating and drafting development agreements related to the use of revenues created by the TIF district

Combining TIF with other financing tools to enhance the incentives available for the project

Federal and State Tax Credits

We have advised clients on the use of federal tax credits since these incentives were introduced. With deep experience in each type of federal credit, as well as many state tax credit programs, we know what will work best for a given project. Key programs include:

Low-Income Housing Tax Credits

Low-Income Housing Tax Credits (LIHTC) account for the majority of all affordable rental housing created in the U.S. These credits are also commonly called “Section 42 credits,” in reference to the applicable section of the Internal Revenue Code.

New Markets Tax Credits

New Markets Tax Credits (NMTC) often support projects that revitalize underserved urban and rural neighborhoods for projects as diverse as hotels, commercial and mixed-use developments, and schools.

Federal Historic Tax Credits

Federal Historic Tax Credits (HTC) help restore underutilized but historically important structures to serve new uses. Such projects have included former mill buildings, department stores, theatres, and municipal structures.

Energy Tax Credits

Energy Tax Credits for generation sources such as solar, wind, and biomass have recently been instrumental in enabling employers and utilities to take advantage of energy installations of all sizes, from residential rooftop solar facilities or single wind turbines to utility-scale facilities.

Production Tax Credit

Production Tax Credit (PTC), extended by Congress at the end of 2015, helps clients benefit from certain high-performing energy technologies such as wind, biofuels, and biomass.

State Historic Tax Credits

State Historic Tax Credits, available in many states, are often designed to spur private investment in older neighborhoods by providing incentives for the rehabilitation of historic buildings. In certain cases, they can be used together with federal historic tax credits.

Related People

Danielle is widely recognized for her solutions-oriented approach to complex real estate projects and transactions. Clients benefit from her strategic problem-solving skills, her creative use of public-private partnerships (PPPs), and a no-nonsense approach to dealmaking.

Thom brings deep knowledge and significant experience to his real estate and finance practice. His focus includes real estate development, urban redevelopment, municipal finance, land use and zoning, tax incremental financing, and general municipal law. Prior to joining Michael Best, Thom represented the City of Milwaukee as an Assistant City Attorney in the Office of the City Attorney.

Nancy is a partner in the Land & Resources Practice Group. Her more than 30 years of experience covers a broad range of real estate law, including assisting clients in purchases, sales and leases of property, and development and zoning work; representing borrowers and lenders in real estate loans; assisting in foreclosures and workouts; advising on questions of condominium law; negotiating construction and architects' contracts; and assisting in real estate litigation.

Bret assists clients with the transactional and operational aspects of acquiring, forming, operating, owning, and structuring businesses. A problem-solver who can help companies get back on track, he is also a hard-nosed negotiator whose tireless work for clients often results in deals that surpass their highest expectations. Bret represents privately and publicly-held corporations, nonprofit corporations, limited liability companies, and partnerships. He focuses on matters concerning business ...

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